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Sierra Madre Identifies Over 10 Kilometres of Mineralized Structures and Announces Results from Sampling Program
VANCOUVER, BC / ACCESSWIRE / May 4, 2021 / Sierra Madre Gold and Silver Ltd. ("Sierra Madre"...
About this update from Sierra Madre Gold & Silver Ltd.
[{"type":"text","content":"Sierra Madre Identifies Over 10 Kilometres of Mineralized Structures and Announces Results from Sampling ProgramVANCOUVER, BC / ACCESSWIRE / May 4, 2021 / Sierra Madre Gold and Silver Ltd. (\"Sierra Madre\" or the \"Company\") (TSXV:SM) is pleased to provide an update on the field activities at its Tepic Silver Gold project located in the State of Nayarit, Mexico. Work for the last 6 months has focused on geologic mapping and reconnaissance sampling with approximately 50% of the project covered at a 1:5000 scale level of detail or better. This has resulted in the recognition of more than 10 kilometres of hydrothermally altered and mineralized structures compared to the 3.5 kilometres known at the time the Company optioned the project. The reconnaissance sampling has returned silver (\"Ag\") values ranging from <0.5 to 648 grams per ton (\"g/t\") and gold (\"Au\") values from <0.005 to 7.43 g/t.The major findings of this program thus far are:The central area is far more structurally complex and hydrothermally altered than previously portrayed. Multiple silver and gold bearing structures which have not yet been drill tested have been identified.The eastern portion of the project hosts at least one major, one-kilometre-long structure, containing silver and gold mineralization. The previous operator had done no work in this area.The northern section of the project contains multiple erosional windows which host silver and gold bearing structures which have not been adequately explored.The Company plans on continuing this reconnaissance mapping and sampling until the entire concession holding has been mapped. Based on the above the company has initiated a 2,700 metre trenching program.Central AreaWhen the Company optioned the Tepic project, the previous owner's efforts had centered on the Dos Hornos - Veta Thomas and Once Bocas areas. The following map shows the known mineralized structures at the time of acquisition.Mapping and field work by the Company's geologists has found the structural fabric of the area to be much more complex than previously portrayed. Numerous mineralized cross faults and several more northwest trending principal structures have been located.Highlights of reconnaissance sampling at the newly found El Creston structure include 788 g/t silver equivalent (\"AgEq\") on the Nanche vein, and 798 g/t AgEq on t...